TechNet Hails Signing of Patent Reform Legislation

Washington, D.C. – TechNet, the bipartisan policy and political network of technology CEOs that promotes the growth of the innovation economy, applauded the signing of the patent reform legislation (America Invents Act) today by President Barack Obama.

“TechNet’s membership includes many of the world’s most innovative companies who rely on a robust and fair patent system,” said Rey Ramsey, President and CEO of TechNet. “For just over half a decade, TechNet’s member companies have worked diligently on this effort because they recognized the long-term implications of America’s outdated patent system. Working with representatives from throughout the innovation economy, TechNet has sought to find common ground among the various parties in an effort to update the nation’s patent system. We thank Chairman Leahy and Chairman Smith and the many other members of the House and Senate who have worked for six years to reach consensus on the America Invents Act that updates and harmonizes the nation’s patent system.”

“Simply put, innovation and intellectual property represent a fundamental pillar of our economic foundation and this measure rightly recognizes the vital role that a modern patent system plays in today’s global economy,” added Mr. Ramsey. “We thank President Obama and the many members of Congress on both sides of the aisle for their commitment to ensuring this important measure reached the finish line to help fortify America’s innovation ecosystem.”

About TechNet:TechNet is the national, bipartisan network of CEOs that promotes the growth of technology industries and the economy by building long-term relationships between technology leaders and policymakers and by advocating a targeted policy agenda. TechNet’s members represent more than one million employees in the fields of information technology, biotechnology, e-commerce and finance. TechNet has offices in Washington, D.C., Palo Alto, Sacramento, Seattle, Boston and Austin. Web address: www.technet.org <http://www.technet.org> <http://www.technet.org>. You can also follow us on Facebook and Twitter at @technetupdate.